Latest Corporate taxes News

Ex-financial adviser who stole from athletes gets prison

Nov. 6, 2020 7:30 PM EST

SANTA ANA, Calif. (AP) — A former Southern California financial adviser who stole millions of dollars from professional athletes among his clientele was sentenced Friday to more than three years in federal prison. Ash Narayan, 55, of Irvine received the 37-month sentence and was ordered to pay $18.8...

FILE - In this Oct. 26, 2020, file photo, an election worker sorts vote-by-mail ballots at the Miami-Dade County Board of Elections, in Doral, Fla. On Friday, Oct. 30, 2020, The Associated Press reported on stories circulating online incorrectly asserting that 23% of mail-in ballots have been rejected for missing signatures in Florida’s Miami-Dade County. The correct number is about 0.5%. (AP Photo/Lynne Sladky, File)

NOT REAL NEWS: A look at what didn't happen this week

Oct. 30, 2020 1:27 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Biden tax plan would not raise taxes on majority of Americans CLAIM: By...

FILE - In this July 6, 2011, file photo, Samsung Chairman Lee Kun-hee, right, greets people from the South Korean delegation in Durban, South Africa, for the 123rd International Olympic Committee (IOC) session that will decide the host city for the 2018 Olympics Winter Games. Lee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died, a Samsung statement said Sunday, Oct. 25, 2020. He was 78. (AP Photo/Schalk van Zuydam, File)

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Oct. 25, 2020 8:38 PM EDT

SEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday. He was 78. Lee died with his family members by his side,...

German arrest order for Panama Papers lawyers faces hurdle

Oct. 21, 2020 6:59 PM EDT

PANAMA CITY (AP) — A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne...

Former hockey team office manager sentenced for embezzlement

Oct. 20, 2020 7:22 PM EDT

RAPID CITY, S.D. (AP) — A former office manager for the Rapid City Rush has been sentenced to more than three years in federal prison for stealing $700,000 from the professional hockey team. Jennifer Durham, 42, pleaded guilty in July to tax evasion and two counts of wire fraud. She worked for the team...

Feds: Newark councilman was part of bribe, kickback scheme

Oct. 20, 2020 6:48 PM EDT

NEWARK, N.J. (AP) — A Newark city councilman conspired with an associate to shake down companies seeking development and construction projects in the city, the U.S. attorney's office charged in a complaint released Tuesday. Joseph McCallum Jr. faces one count of honest services wire fraud, which carries a...

Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American. (Dave Rossman/Houston Chronicle via AP)

DOJ charges Texas billionaire in $2 billion tax fraud scheme

Oct. 15, 2020 6:58 PM EDT

SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over 20...

This long exposure photo shows streaks of lights from the cars passing by a Tokyo 2020 Olympics and Paralympics sign on the side of a building Monday, Oct. 12, 2020, in Tokyo, as the sky is colored by the sunset. (AP Photo/Kiichiro Sato)

Global watchdog proposes tax overhaul for Big Tech

Oct. 12, 2020 8:44 AM EDT

LONDON (AP) — A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder. The Paris-based Organization for Economic Cooperation and...

False tax returns net 3-year-plus sentence for Louisiana man

Sep. 30, 2020 5:20 AM EDT

SHREVEPORT, La. (AP) — A Louisiana business owner has been sentenced to more than three years in federal prison for filing false tax returns. Robert Clifton Poimboeuf, 58, was sentenced Tuesday, the U.S. Attorney’s Office in Shreveport said in a news release. He was part owner of D&G Holdings,...

Ex-Boston Grand Prix executive charged in fraud, tax scheme

Sep. 29, 2020 5:28 PM EDT

BOSTON (AP) — The former chief financial officer of the Boston Grand Prix has been charged in a scheme to defraud financing companies who gave him money for ice rink he owned, federal authorities said Tuesday. The U.S. attorney's office said John F. Casey of Ipswich has been indicted on eight counts of...